Friends of the Norwalk River Valle… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

Brian Truskowski

Phone

2039384020

Tax Period

2023-07-01 to 2024-06-30

Friends of the Norwalk River Valley Trail Inc, founded in 2011, is a small nonprofit in the Environment sector that reported $279K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $340K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE MISSION OF THE NRVT IS TO FACILITATE THE DESIGN, CONSTRUCTION AND MAINTENANCE OF A REGIONALLY SIGNIFICANT, SAFE, MULTIPURPOSE TRAIL LINKING NORWALK, WILTON, REDDING, RIDGEFIELD AND DANBURY. THE TRAIL WILL REFLECT THE NEEDS AND DESIRES OF THESE COMMUNITIES AND WILL FOSTER INCREASED RECREATIONAL OPPORTUNITIES, ALTERNATIVE TRANSPORTATION OPTIONS, AND A HEALTHY LIFESTYLE.

Program Service Accomplishments

Program 1

Expenses: $171,699

Facilitating the design, construction and maintenance of a regionally significant, safe, multipurpose trail linking Norwalk, Wilton, Redding, Ridgefield and Danbury.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $277,427

Program Service Revenue $0

Investment Income $1,669

Other Revenue $0

TOTAL REVENUE $279,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $93,303

Fundraising Expenses $79,069

Program Expenses $171,699

Other Expenses $246,467

TOTAL EXPENSES $339,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,096	$302,222	-0.1%
Expenses	$339,770	$266,867	+0.3%
Net Income	$-60,674	$35,355	-2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$87,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrea Gartner	Executive Director	40.0	Officer	$87,600	$0	$87,600
John Charles Taney III	PRESIDENT	10.0	Officer Director	$0	$0	$0
JAMES CARTER	VICE PRESIDENT & DIRECTOR	2.0	Officer Director	$0	$0	$0
Brian Truskowski	TREASURER & DIRECTOR	10.0	Officer Director	$0	$0	$0
Luke Garvey	Director	2.0	Director	$0	$0	$0
Helen Rendell-Baker	DIRECTOR	2.0	Director	$0	$0	$0
Nancy Rosett	DIRECTOR	2.0	Director	$0	$0	$0
John Hall	Director	2.0	Director	$0	$0	$0
Luis Estrella	Director	2.0	Director	$0	$0	$0
Kate Throckmorton	Director	2.0	Director	$0	$0	$0
Elaine Mintz	Director	2.0	Director	$0	$0	$0
Joseph Lyons	Director	2.0	Director	$0	$0	$0
Jason Howard	Director	2.0	Director	$0	$0	$0
Jim DeLalla	Director	2.0	Director	$0	$0	$0
Emily Burnaman	Director	2.0	Director	$0	$0	$0
Michael Yeosock	Director	2.0	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$279,096	$339,770	$531,113	$-60,674
2023	$302,222	$266,867	$591,787	$35,355
2022	$322,921	$621,802	$557,877	$-298,881
2021	$624,585	$200,108	$855,808	$424,477
2020	$212,903	$104,740	$430,838	$108,163
2019	$197,817	$125,741	$318,632	$72,076
2018	$226,753	$264,527	$246,556	$-37,774

Friends of the Norwalk River Valley Trail Inc